Why Jim Cramer Isn't Recommending Foreign Stocks

In light of the news that Anheuser-Busch InBev (BUD) is considering an IPO for its Asian business, let's see what Jim Cramer thinks of companies that are having an IPO abroad.

In case you missed it, Anheuser-Busch could raise over $9 billion dollars for the IPO of its Asian business.

The company is the world's biggest brewing company.

If the company is able to raise over $9 billion for its IPO, it would outperform Uber (UBER) --which raised around $8 billion in its IPO--and would become the biggest IPO of 2019.

However, Cramer is not sold on the company.

Here's what he had to say.

"I prefer you to buy MSCI (MSCI - Get Report) . MSCI is the entity run by Henry Fernandez, who is a friend of mine. It's one of the best performers in the S&P this year, which is the keeper of all the NSC foreign indices and that's the way to do it. I, otherwise, other than Novartis, I'm recommending no foreign stocks. If Nestle were to list here, I would put them on the list, but they don't list here," said Cramer.